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Slow Day Ends With Stocks at New Highs

Gold drops nearly 4% in May, while oil gains 3%

by 5/30/2014 4:23:25 PM
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Crude oil pulled lower on Friday, as July-dated futures gave back 87 cents, or 0.8%, to settle at $102.71 per barrel. While black gold dropped 1.6% on the week, it gained nearly 3% during the month of May.

August gold futures tumbled for a fifth consecutive session, shedding $11.10, or 0.9%, to close at $1,246 an ounce. When tracking the most-active contracts, this was the yellow metal's lowest monthly settlement since January, as it lost 3.9% during May. Week-over-week, gold logged a 3.5% drop.

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